Tatas to trim Tata Sky stake, Temasek Holdings to exit
Business Standard- Nov 23, 2012 Tata Sons, holding company of the Tata Group, is looking at the option of offloading a part of its 60 per cent stake in the loss-making direct-to-home Tata Sky Ltd to private equity players and institutional investors and raise funds for the satellite TV company’s growth plans. Private equity...
Singapore’s first strike in nearly 3 decades highlights strains from foreign worker influx
Star Tribune- November 28, 2012 SINGAPORE - Singapore responded to its first strike in nearly three decades with riot police and strident official criticism of the disgruntled Chinese immigrant workers, highlighting strains from an influx of foreign labor. Many of the 171 striking bus drivers returned to work Wednesday after...
Singapore PMI shrinks for a 5th straight month despite slight gains
Reuters- Dec 4, 2012 Singapore's manufacturing activity improved slightly in November but still contracted for a fifth consecutive month as new orders and production output shrank further, a business survey showed, mirroring a tepid recovery globally. Singapore's Purchasing Manager's index (PMI) rose to 48.8 points last month...
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